MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Stock Holdings in Coeur Mining, Inc. (NYSE:CDE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Coeur Mining, Inc. (NYSE:CDE - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,460,748 shares of the basic materials company's stock after selling 1,141,140 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.62% of Coeur Mining worth $59,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CDE. GAMMA Investing LLC boosted its stake in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares in the last quarter. Quarry LP boosted its stake in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. boosted its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after buying an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $57,000. Finally, DRW Securities LLC purchased a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $60,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CDE has been the topic of a number of research analyst reports. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price on the stock. Raymond James reiterated an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Finally, TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $8.10.

Coeur Mining Price Performance

Shares of NYSE:CDE traded up $0.05 on Friday, hitting $7.46. The company had a trading volume of 29,403,038 shares, compared to its average volume of 12,292,501. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 52-week low of $4.57 and a 52-week high of $7.85. The business has a 50 day moving average of $6.04 and a 200 day moving average of $6.17. The company has a market cap of $4.77 billion, a PE ratio of 62.14 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Coeur Mining's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. As a group, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Activity at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the sale, the chief accounting officer now directly owns 122,104 shares in the company, valued at $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas S. Whelan purchased 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.